BLACKROCK EXPECTS SPOT BITCOIN ETF APPROVAL ON WEDNESDAY

Summary from the TLDR Crypto newsletter

BlackRock, one of the many firms vying for a spot Bitcoin ETF, believes the SEC will approve its application on Wednesday. The highly anticipated approval could bring in billions in fresh funding into the cryptocurrency sector. Crypto skeptics claim that the approval would be a regulatory mistake of historic proportions as they say Bitcoin is too volatile and unregulated to support a healthy market.